Who didnt see this coming from a decade or 2 away!?!?

So Malcolm still doesn't understand how the system works

Make no mistake, any time a government forces you to pay into a fund, it is a tax... Sometimes, and under some conditions, you get the money back. But it is a tax, just under a different name.

At what point are we going to get to before we riot... am I the only one thinking this.

The plan all along

Savings are a national asset. Before compulsory super, Australians had really poor savings. Its one of the biggest reasons we have a decent economy.

I assume you haven’t heard the saying “Better to remain silent and be thought a fool than to speak and remove all doubt” ….🥴

And when you retire, they say sorry, we had to spend it.....

Need a laugh just read some if the comments in this thread by people who have absolutely no idea how super works.

Start your own SMSF. They cant touch it.

Who makes the most money off the savings? The boss? No The employee - somewhat The Superfunds and the companies invested in? Yes The Government? Yes So who really is this forced taxation for the benefit of? Yes, Superannuation makes "us" richer But it slice of that richer is much skinnier for employees than it is for the three groups who didn't actually contribute the money 👀

Albo is on his way out the door

Tell me you don’t know how the economy works without telling me you don’t know how the economy works.

Sounds like another word for TAX to me!

I bet albos super won’t be taxed

So one nation is against super annuation

So in other words a secondary gst

Oh no Malcolm has escaped again.

They can take the super from you at any time, especially in time of war.

It’ll be redistributed as a universal basic income for young and old.

Then he get borrow more

I guess Malcolm won’t be accessing his Govt Super?

TIP: if you immigrate to another country, they have to release you money. ( PS. Thats why immigrants can walk into Australia and have a huge lump sum for a deposit on a house 🙂

Albanese described Australia’s superannuation system as a national asset because it provides a very large pool of long-term capital as well as retirement income. He has rightly argued that more of it could be invested in Australian infrastructure, housing, energy and business—where those investments produce suitable returns. Super remains members’ money, not government money. Trustees are legally required to act in members’ best financial interests and are not presently required to fund government priorities. Tell the full story.

How do you manage to get enough votes to become a federal senator?

Can someone in your team or family teach you how to screenshot.

The master can buy the business when she returns from Sicily

In the UK the goverment just nationalised British Steel. Hint hint.

That looks a bit stone aged

Let's ask why they had to find a buyer, was the company squeezed out of existence with taxes!

M O R O N

Tarrifs are not evil, they were once, and should be now, a dial to control productivity against foriegn competition.

which one ? hopefully not whyalla

But let's build another 2 dozen data centres

You want to reindustrialise? Bet on the technologies of the next decades then. Thats renewables.

NO it’s the LIMA agreement

How Gina’s shares in SpaceX going?

We need your voice Sign the Save Europe Act now, to bring Remigration to Brussels! Article I "We, the undersigned citizens of European nations, demand the immediate enactment of the Save Europe Act — a legislative framework restoring sovereign borders, lawful order, and the continuity of European civilisation."

Why didn’t you get Gina to buy it? 🤔

Only One Nation doesn’t know they have bugger all effect on what reinsurers / insurers will do. 🙃

Look on the bright side - those jobs will be replaced with working at data centres that the government plans on rolling out 😡

Go one nation

A few Labor voters sooking and Greens. Hilarious 😂

And how exactly is business closing as it fails to find a buyer related to net zero? Oh wait absolutely nothing, you just want excuses to spew out to blame anyone.

Great .. it’s time for cheaper electricity my bill is now another $220 per quarter

So your policy is to spend taxpayer dollars on keeping an industry going no matter how much money it loses? Sounds a bit communist to me.

It’s always interesting to read these comments and the posts but when you ACTUALLY research the issue it becomes clear. The company could not compete because of economies of scale. It’s the same thing with the car industry years ago before electricity became an issue. The size of the market is not big enough to spread the costs lower. Yet the consumer will always vote with their wallet and go to a cheaper alternative which is their right. Coupled with this foundry being debated by two floods probably caused by global warming and a series of bad investments in the UK led to the decline in this company. But hey the truth doesn’t matter when you trying to push a false narrative.